Point Nine Capital, the Berlin, Germany-based venture capital firm led by Pawel Chudzinski and Christoph Janz, closed its second fund at €40m.
Point Nine Capital II focuses exclusively on backing early-stage Internet companies across Europe and (in some cases) outside of it. It has already invested in a number of Internet startups including Brainly, ePetWorld, Kreditech, Positionly, Shiftplanning and Vend.
Investors include Chudzinski and Janz, private equity fund-of-funds such as Horsley Bridge Partners and SAP Ventures, Arend Lars Iven and Ron Hillman of Berlin Venture Partners, Jan Beckers, Michael Ambros und Gunther Schmidt (founders of eKomi), the founders of the founders of Team Europe, Cube Investments (from Spain) and RTA Ventures and Xevin (from Poland).
In conjunction with the close of the new fund, Lukasz Gadowski and Kolja Hebenstreit of Team Europe are leaving the fund’s investment committee and will continue to support Point Nine as advisors.